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English to French translations [Non-PRO] Bus/Financial - Business/Commerce (general) / Programme de primes d'une entreprise
English term or phrase:actively on the payroll
CHANGE IN STATUS
Termination or resignation after end of Plan Year for any reasons other than termination for cause, but before payment of bonus award.
IMPACT ON AWARDS
Participants actively on the payroll as of December 31 of Plan Year are eligible to receive their normal earned award (if any) even though they may terminate before awards for the Plan Year are actually paid, according to the MIP rules.